The Real Estate market in British Columbia and the Metro Vancouver & Fraser Valley area in particular has been a hot topic for decades with the simple equation of Supply & Demand being the driver for where we are today. Failures to keep up with simple economics is why prices are where they are. It seems like the only tool the government continually uses to see what sticks is Taxes and over the last decade in particular whether it’s the Federal Government or the Provincial Government they have implemented new taxes related to the Real Estate Market frequently. We are now over at least ten government taxes and in some cases multiple versions of the same tax. The biggest piece of advise we have for anyone in the Real Estate market, whether you currently own or plan to purchase or sell is to talk to a professional Realtor and Accountant.
These are all the taxes related to Real Estate...
Municipal
British Columbia
Canada